Re:It was not a DDoS: MtGox got 20k new accounts per day
by tatsuke95 on Thursday April 11, 2013 @10:29AM
(#5532148)
>but I want to say $21MM is the pool that the exchange has to puke to the "plaintiffs".
This is actually back in the news. And the value that the banks are looking to recover is closer to $500MM.
http://www.swissinfo.ch/eng/business/UBS_unimpressed_with_Fa...
Re:It was not a DDoS: MtGox got 20k new accounts per day
by fatbat on Thursday April 11, 2013 @08:52PM
(#5535877)
Well, MtGox proved me wrong earlier today. :)
Matter of fact, still down now.
Also I still think it would be interesting to see their setup, wrong or not.
Re:It was not a DDoS: MtGox got 20k new accounts per day
by riffraff on Thursday April 11, 2013 @03:09AM
(#5530405)
the fact that they can have issues doesn't mean they cannot suspend a stock as part of normal operations if they rise or fall too fast. At least, most stock markets seem to be doing it without issues most of the time.
You are trivializing the real markets. What makes you think this is something that NASDAQ can just "do"? They had a system problem causing delays on Facebook's IPO, and they're still dealing with the shit-storm from that now. Everyone who had poor executions (or missed executions) as a result of the delay is trying to get compensation from the exchange for their technical problem. I haven't checked the exact number recently, but I want to say $21MM is the pool that the exchange has to puke to the "plaintiffs".
Because bitcoin exchanges are not regulated in the same fashion as stock exchanges, I doubt that MtGox will be on the hook for anyone's poor executions.
> I wonder how their stack is setup.
As someone else pointed out, their stack is setup wrong if account management has _any_ impact on their matching engine. Hopefully, it was just the web servers which host both accounts-management and trading UIs. Regardless, there was clearly some resource-sharing which should not have happened.